Rémy Cointreau (OTCMKTS:REMYY) Raised to “Buy” at Zacks Investment Research

Rémy Cointreau (OTCMKTS:REMYY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The firm presently has a $21.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 11.70% from the stock’s current price.

According to Zacks, “Remy Cointreau SA is an operator of Wine & Spirits market. The company’s portfolio consists of Rémy Martin and Louis XIII cognacs, the Cointreau liqueur as well as the Metaxa, Mount Gay, St-Rémy, Bruichladdich, Port Charlotte, Octomore and The Botanist spirits. Remy Cointreau SA is headquartered in Cognac, France. “

A number of other brokerages also recently weighed in on REMYY. Societe Generale upgraded Rémy Cointreau from a “sell” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group boosted their target price on shares of Rémy Cointreau from €180.00 ($193.55) to €200.00 ($215.05) in a research note on Monday, April 11th. Barclays raised their price target on shares of Rémy Cointreau from €294.00 ($316.13) to €313.00 ($336.56) and gave the stock an “overweight” rating in a research report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Rémy Cointreau from €274.00 ($294.62) to €290.00 ($311.83) in a research report on Tuesday, May 3rd. Finally, Exane BNP Paribas raised shares of Rémy Cointreau from a “neutral” rating to an “outperform” rating in a report on Monday, March 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Rémy Cointreau has a consensus rating of “Hold” and a consensus target price of $167.91.

OTCMKTS:REMYY opened at $18.80 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 0.47 and a debt-to-equity ratio of 0.21. Rémy Cointreau has a one year low of $17.01 and a one year high of $24.72. The stock has a 50-day simple moving average of $19.28 and a 200 day simple moving average of $20.71.

About Rémy Cointreau (Get Rating)

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs, brandy, gin, single malt whisky, rum, wine, and champagne primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.

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